WELLINGTON, June 27 (Reuters) -
EQUITIES
NEW YORK - The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed.
The Dow Jones industrial average .DJI fell 611.21 points, or 3.39 percent, to 17,399.86, the S&P 500 .SPX lost 76.02 points, or 3.6 percent, to 2,037.3, and the Nasdaq Composite .IXIC dropped 202.06 points, or 4.12 percent, to 4,707.98.
For a full report, double click on .N
- - - -
LONDON - Britain's top shares index .FTSE fell on Friday, led lower by banks and homebuilders, but staged a sharp recovery from its initial slump caused by the country's decision to leave the European Union.
The FTSE 100 index initially dived more than 8 percent at the open, and was poised to post its sharpest one-day drop since the aftermath of the Lehman Brothers collapse.
The FTSE 100 clawed back ground to finish 3.2 percent lower at 6,138.69 points. Trading volumes were nearly five times their daily average.
For a full report, double click on .L
- - - -
TOKYO - Japanese stocks suffered their biggest daily fall in more than five years on Friday after Britain voted to leave the European Union, roiling financial markets and raising fears of a shock to the already fragile global economy.
The Nikkei .N225 ended down 7.9 percent at 14,952.02 points, after falling as low as 14,864.01 at one point, its weakest since October 2014.
For a full report, double click on .T
- - - -
FOREIGN EXCHANGE
NEW YORK - Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union,on reassuring statements from central banks.
Sterling GBP=D4 was last down 8.1 percent against the dollar, at $1.3662, after touching its weakest since before the 1985 Plaza Accord of $1.3228. Traders said Bank of England chief Mark Carney's comments that the central bank stood ready to provide extra support helped sterling recover.
For a full report, double click on USD/
- - - -
TREASURIES
NEW YORK - U.S. Treasury prices jumped on Friday on safe-haven buying as rattled investors evaluated the repercussions of Britain's vote to leave the European Union, but bonds gave up some early gains in the U.S. trading session.
Benchmark 10-year notes US10YT=RR ended up 1-14/32 in price to yield 1.58 percent after earlier dropping to 1.41 percent, only slightly higher than a record low 1.38 percent reached in July 2012. The yield closed on Thursday at 1.73 percent.
For a full report, double click on US/
- - - -
COMMODITIES
GOLD
NEW YORK - Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, sending investors scurrying for protection in bullion and other assets perceived as lower risk.
Spot gold XAU= peaked at $1,358.20 per ounce and was up 4.9 pct at $1,317.20 by 2:49 p.m. EDT. U.S. gold futures GCv1 for August delivery settled up 4.7 percent at $1,322.4 per ounce, off an early high of $1,362.60 an ounce.
For a full report, double click on GOL/
- - - -
BASE METALS
LONDON - The price of copper and other industrial metals fell on Friday as worries about economic growth rose following the British vote to leave the European Union, and as the dollar soared.
Three-month copper on the London Metal Exchange CMCU3 slid as much as 4 percent before trimming losses to close down 1.7 percent at $4,698 a tonne.
For a full report, double click on MET/L
- - - -
OIL
NEW YORK - Oil prices settled 5 percent lower on Friday after Britain's vote to leave the European Union spurred massive risk aversion and a rally in safe havens like the U.S. dollar that threatened to cut short a three-month-long recovery in global oil markets.
Brent crude LCOc1 settled down 4.9 percent, or $2.50, at $48.41 a barrel. It had fallen 6 percent earlier to $47.54.
U.S. crude CLc1 fell 5 percent, or $2.47, to settle at $47.64, its largest one-day decline since February.
For a full report, double click on O/R
- - - -